Ashburton Jersey Ltd boosted its holdings in Oasis Petroleum Inc. (NYSE:OAS) by 4.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 118,700 shares of the energy producer’s stock after purchasing an additional 5,520 shares during the quarter. Oasis Petroleum accounts for about 0.6% of Ashburton Jersey Ltd’s portfolio, making the stock its 16th largest holding. Ashburton Jersey Ltd’s holdings in Oasis Petroleum were worth $1,683,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the business. GMT Capital Corp raised its stake in Oasis Petroleum by 43.1% in the 2nd quarter. GMT Capital Corp now owns 15,467,500 shares of the energy producer’s stock worth $200,613,000 after purchasing an additional 4,655,700 shares in the last quarter. Pine Brook Road Advisors LP acquired a new stake in Oasis Petroleum in the 2nd quarter worth about $111,635,000. Northern Trust Corp raised its stake in Oasis Petroleum by 22.8% in the 2nd quarter. Northern Trust Corp now owns 5,238,348 shares of the energy producer’s stock worth $67,941,000 after purchasing an additional 974,014 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Oasis Petroleum by 33.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,422,534 shares of the energy producer’s stock worth $57,362,000 after purchasing an additional 1,110,344 shares in the last quarter. Finally, BlueMountain Capital Management LLC raised its stake in Oasis Petroleum by 744.5% in the 2nd quarter. BlueMountain Capital Management LLC now owns 3,903,089 shares of the energy producer’s stock worth $50,623,000 after purchasing an additional 3,440,937 shares in the last quarter. Institutional investors and hedge funds own 97.19% of the company’s stock.
OAS stock opened at $9.88 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.48 and a current ratio of 0.51. Oasis Petroleum Inc. has a 12 month low of $7.31 and a 12 month high of $14.57. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 494.00, a PEG ratio of 1.36 and a beta of 2.22.
Oasis Petroleum (NYSE:OAS) last released its earnings results on Monday, November 5th. The energy producer reported $0.08 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.04). Oasis Petroleum had a negative net margin of 14.48% and a positive return on equity of 2.53%. The firm had revenue of $546.50 million during the quarter, compared to the consensus estimate of $455.65 million. Oasis Petroleum’s quarterly revenue was up 79.4% on a year-over-year basis. Equities research analysts forecast that Oasis Petroleum Inc. will post 0.48 earnings per share for the current fiscal year.
Several analysts have weighed in on the stock. Seaport Global Securities reiterated a “buy” rating on shares of Oasis Petroleum in a research note on Friday, September 7th. Piper Jaffray Companies reiterated a “buy” rating and issued a $26.00 price objective on shares of Oasis Petroleum in a research note on Friday, July 20th. Jefferies Financial Group reiterated a “neutral” rating on shares of Oasis Petroleum in a research note on Friday, July 13th. Stifel Nicolaus lifted their price objective on shares of Oasis Petroleum from $10.00 to $10.50 and gave the stock a “hold” rating in a research note on Tuesday, August 7th. Finally, Zacks Investment Research upgraded shares of Oasis Petroleum from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Friday, October 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $14.33.
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Oasis Petroleum Company Profile
Oasis Petroleum Inc, an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin, and Permian Basin. As of December 31, 2017, the company had 502,660 net leasehold acres in the Williston Basin; and approximately 312.2 million barrels of oil equivalent of estimated net proved reserves.
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